Property investments in MARCOOLA fare well against the rest of the country last year, registering a median home price increase of 10.06%.
Real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 68.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $580,000.
MARCOOLA ranks 556th on the list of best yielding suburbs for rental properties in QLD, posting a 4.12% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.06%||16.72%|
|Median 3 years||21.34%||16.72%|
|Median 5 years||34.1%||14.1%|
|10 years average annual||5.04%||1.09%|
|Weekly media advert. rent||$460||$400|
|Time on Market||68.5 days||129.1 days|
|Gross Rental Yield Percent||4.12%||5.84%|